Impact of Brokerage Rating on ServiceNow, Inc.(NOW)

Many ServiceNow, Inc.(NOW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by BMO Capital Markets on Jan 26, 2017 to Outperform, Raises Price Target to $ 104 from a previous price target of $97 .Company shares were Reiterated by Mizuho on Jan 26, 2017 to Buy, Raises Price Target to $ 100 from a previous price target of $90 .ServiceNow Inc was Initiated by Wells Fargo to Market Perform on Jan 11, 2017. ServiceNow Inc was Downgraded by Piper Jaffray to Neutral on Dec 2, 2016.

ServiceNow Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.23. The company had revenue of $385.70 million for the quarter, compared to analysts expectations of $379.43 million. The companys revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

ServiceNow, Inc. (NYSE:NOW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 18 Brokerage Firm. 15 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

ServiceNow, Inc. (NYSE:NOW): 16 Analyst have given the stock of ServiceNow, Inc. (NYSE:NOW) a near short term price target of $97.19. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.13. The higher price target estimate is at $108 while the lower price estimates are fixed at $70.

ServiceNow, Inc. (NYSE:NOW) rose 1.25% or 1.15 points on Tuesday and made its way into the gainers of the day. After trading began at $91.68 the stock was seen hitting $93.3 as a peak level and $91.3501 as the lowest level. The stock ended up at $92.89. The daily volume was measured at 1,422,454 shares. The 52-week high of the share price is $93.3 and the 52-week low is $49.95. The company has a market cap of $15,420 million.

ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Companys service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.